MRAM (magneto resistive random access memory) is a non-volatile memory, a type of memory chip that is resistant to electric fields. This means it can be used in environments where electromagnetic interference (EMI) can cause problems for other types of memory. It is one of many technologies used for storing data on devices. MRAM can maintain data without any power supply or battery backup. Magneto resistive RAM market size is the largest among all other storage technologies, including flash memory and magnetic disks. MRAM's integrated architecture, high efficiency, and capability make it the most efficient block storage with very low power consumption. The industry overview of the MRAM market states that the magneto resistive RAM market size is estimated to grow at a CAGR of over 18.58% to reach USD 1396.7 million by the end of 2027. This MRAM market growth is due to increasing demand for secure information storage in smart devices and cars, encryption purpose in computers and smartphones, application-specific use cases such as accelerating processing in the internet of things (IoT), artificial intelligence (AI), digital video recording (DVR), etc. The complete report on the MRAM market provides an in-depth analysis of its major parameters such as MRAM basic information, type, application and manufactures, consumption trends and cagr, competition landscape, and company profiles.
MRAM industry has been a vital industry in semiconductor manufacturing over the years, and it will continue to be an essential industry in the future.
The MRAM market trends and size
There are two leading producers in the MRAM industry: Everspin and Spansion. The two companies accounted for around 97% of the total revenue share in 2018; they both command around 50% of the MRAM market share. This non-volatile storage media industry retains data even when it is not powered. It is a potential replacement for DRAM and NAND flash memory.
MRAM has many advantages, including that it can be written thousands of times faster than flash, which means it's better suited to random accesses that don't need to maintain their data across power cycles. Unfortunately, MRAM's price is prohibitively high for most commercial applications today.
Possible Future Directions
Unlike DRAM, which stores data in an array of individual cells, the RAM cell in MRAM is just a small block of material with electrical resistance (hence its name). These blocks can be configured by changing the direction in which electric current flows through them and by how many times they are switched on and off using quick pulses of electricity.
The demand for magnetic switch memory products is expected to increase rapidly because of their high reliability, low power consumption, and immunity against mechanical shock and environmental contamination, in addition to the ones mentioned above. As a result, it's one of the most promising memory technologies with a greater than 90% retention rate and has been deployed in several applications, such as smartphones and mobile devices.
MRAM industry is segmented based on technology and application. Based on technology, MRAM industry can be classified as
- All-in-one magnetic memory (AIM)
- High-density all-in-one magneto resistive memory (AIMR)
- Hybrid magnetic random access memory (HMRA)
- Perpendicular magnetic random access memory (PMRAM)
North America dominates the MRAM market, taking over 36%. It is believed that this dominance results from the presence of major players and increased regional research and development activities which will influence the MRAM future market. To conclude, the global MRAM industry is set to exhibit explosive growth in the coming years.